Issue link: https://htpgraphics.uberflip.com/i/626614
This is the written notice of IP to UMIP that begins the formal IP commercialisation process. An IP disclosure remains a confidential document and should fully describe and record your IP so that the options for commercialisation can be evaluated and pursued. Early contact with UMIP is necessary to discuss your invention/IP and to provide guidance with respect to disclosure, commercial assessment and protection processes. PRE-DISCLOSURE INVENTION DISCLOSURE ASSESSMENT The process for which protection for IP is pursued to encourage third party interest in commercialisation. If patentable protection begins with the filing of a patent application with the Patent Office and, when appropriate, foreign patent offices. Once a patent application has been filed, it will require several years and tens of thousands of pounds to obtain issued UK and foreign patents. Other protection options include copyright, designs, database rights and trademarks. PROTECTION The period in which UMIP reviews (with your input) the IP disclosure, requests patent searches (and other IP searches if applicable) and analyses the market and competitive technologies to determine the IP's commercial potential. Based on the information gathered, a decision on whether to continue the commercialisation process will be made. Decisions against continuing may be due to issues such as unpatentability of the idea/observation or limited commercial potential. If the IP shows potential, the evaluation process will guide our strategy on whether to focus on licensing to an existing company or creating a new business start-up. UMIP's Commercialisation Process 1 2 3 4 18